Economia
Segundo Gary Becker, nem sempre.
Should not an increase in earnings inequality due primarily to higher rates of return on education and other skills be considered a favorable rather than unfavorable development? Higher rates of return on capital are a sign of greater productivity in the economy, and that inference is fully applicable to human capital as well as to physical capital. The initial impact of higher returns to human capital is wider inequality in earnings (just as the initial effect of higher returns on physical capital is widen income inequality), but that impact becomes more muted and may be reversed over time as young men and women invest more in their human capital.
I conclude that the forces raising earnings inequality in the United States is on the whole beneficial because they were reflected higher returns to investments in education and other human capital.
Via Mankiw.
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Economia
O crescimento da desigualdade é ruim?
Segundo Gary Becker, nem sempre.
Should not an increase in earnings inequality due primarily to higher rates of return on education and other skills be considered a favorable rather than unfavorable development? Higher rates of return on capital are a sign of greater productivity in the economy, and that inference is fully applicable to human capital as well as to physical capital. The initial impact of higher returns to human capital is wider inequality in earnings (just as the initial effect of higher returns on physical capital is widen income inequality), but that impact becomes more muted and may be reversed over time as young men and women invest more in their human capital.
I conclude that the forces raising earnings inequality in the United States is on the whole beneficial because they were reflected higher returns to investments in education and other human capital.
Via Mankiw.
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- Financiamento Do Ensino Superior
The Financing of Higher Education in Europe (Dezembro de 2004): Volume 11. EU policies and instruments on higher education 2. Trends in funding of higher education in the EU [Portugal = pag. 142] 3. Trends in funding of higher education in some other...
- O Dilema Do Capital
Peter Bauer: “If all conditions for development other than capital are present, capital will soon be generated locally, or will be available to the government or to private businesses on commercial terms from abroad, the capital to be serviced out...
- Mulheres E O Progresso Econômico Na América Latina
Women key to Latin America economic progress By Stephanie Leutert, CFR Editor's note: Stephanie Leutert is a research associate at the Council on Foreign Relations. This entry of Latin America's Moment originally appeared here. The views...
- Crescimento Econômico E Educação
Economic Growth Should Precede Education Few people dispute that pouring public education is good for economic growth. Well, you just met one. It has always been my contention that case-and-effect are reversed, sic.: poor countries must grow richer...
- O Estado De Bem-estar E Inovação
Cant We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World Daron Acemoglu MIT James A. Robinson Harvard Thierry Verdier Paris School of Economics September 2012. Abstract Because of their more limited...